| Ivan Glasenberg is feeling better about the outlook for metals prices – and this time he may be right. The chief executive officer of Glencore PLC, the giant miner and trader, indicated on Tuesday that he is growing more upbeat about commodities after a brutal 2015 in which his company lost 70 per cent of its market value as raw materials prices plummeted.
“Have we bottomed? I think so,” he told reporters. To be sure, that is pretty much the positive sentiment you would expect any mining chief to spout during one of the most brutal downturns in decades...............................................Full Article: Source
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